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GBP/USD Turns Positive Above 1.4100 The sterling has found strong buying interest around session lows near 1.4050 today, pushing GBP/USD well above the 1.4100 handle. GBP/USD clinches highs near 1.4140/50 The pair has found decent buying interest around 1.4050 today, quickly recovering the 1...
Currency
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Roberto Jacobs, 24 March 2016, 13:18
EUR/GBP Slumps to 0.7900, GBP Soars A strong rebound in the sterling is now prompting EUR/GBP to quickly retrace the earlier advance and return to the 0.7900 neighbourhood...
Currency
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Roberto Jacobs, 24 March 2016, 13:16
GBP showing some signs of outperformance, gaining against the USD and EUR in recent trade, but now also showing potential against the commodity currencies. GBP/AUD has been recovering well from sub 1.8600’s levels yesterday morning, and now looks set to extend gains towards 1...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 13:10
USD/CAD Could Rebound Towards 1.3500 – Westpac In opinion of Richard Franulovich, Strategist at Westpac, a test of the 1.3500 handle remains on the cards...
Analytics & Forecasts
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Roberto Jacobs, 24 March 2016, 13:09
The Swiss National Bank (SNB) purchased 86.1 billion Swiss francs (62.58 billion pounds) in foreign currency last year to enforce a minimum exchange rate, scrapped in January, and influence exchange rate developments, according to its annual report published on Thursday...
Currency
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Seth Dompreh, 24 March 2016, 11:37
Pressure of bears in the #Gold market increased, which has led to a breakthrough of the nearest technically important support level. Now we can draw the current downtrend channel. It is recommended to hold an order to sale opened on a breakthrough of 1226.55...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 24 March 2016, 11:32 #Trading
CurrencyFair, one of a number of so-called peer-to-peer currency exchanges, has scored a further €8 million in funding. The round was led by Octopus Ventures, with participation from Proxy Ventures...
Currency
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Seth Dompreh, 24 March 2016, 11:31
#USDJPY continued to recover after the quotes had tested the whole area, consisting of a number of support levels. It is recommended to be out of the market and to consider sales if the pair achieves and then rebounds from the upper border of the horizontal trading channel...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 24 March 2016, 11:29 #Trading
Pound sterling has been unable to reap advantage from news retail sales beat analyst expectations by a decent margin. In London trade we are seeing sterling remain under pressure, despite good economic data being released...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 11:27
Two professors at the Department of War Studies at King’s College London have published the results of their deep dive into The Onion Router, or Tor, network, which is designed to make it difficult to track the activity of online users...
Currency
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Seth Dompreh, 24 March 2016, 11:24
An update to their set of exchange rate forecasts see ABN Amro turning more positive on the commodity currency bloc. ABN Amro have updated their currency expectations for 2016 - 2017 and one of the stand-out changes pertains to their stance on the New Zealand and Australian dollars...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 11:17
Former first minister Alex Salmond has called for a fresh look at the currency options for an independent Scotland. He said he still favoured the use of Sterling, but said the independence case needs "refurbishment...
Currency
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Seth Dompreh, 24 March 2016, 11:17
Markets could be too sanguine about the risks to the euro exchange rate complex posed by a Brexit and there is a risk therefore that sterling is being chased too far into the red. The pound has fallen notably versus the euro, from a starting point up at the 1...
Analytics & Forecasts
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Vasilii Apostolidi, 24 March 2016, 11:16
After being Wall Street’s whipping boys, bank stocks may be in position to mount a comeback. At least, Barclays analysts think so. Among the S&P 500’s 10 sectors, banks have been the worst performer, down 6.5% year to date, according to FactSet data as of March 23.READ MORE...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 11:10
Oil futures move firmly lower in Thursday’s trade, adding to losses after their biggest one-day rout in more than a month in the wake of disappointing supply data. READ MORE...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 11:06
EUR/USD: Neutral: In a broad 1.1120/1.1375 range now. We just shifted to a neutral stance yesterday and there is no change to the view. The current movement is likely part of a broad consolidation phase and we expect this pair to trade within a broad 1.1120/1.1375 range from here...
Pound drops further on ‘Brexit’ fears Permalink Facebook Twitter Expand/Collapse...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 11:00
GBP/USD may extend the decline from earlier this week amid concerns surrounding the UK Referendum, while retail sentiment pushes back to near-term extremes. Continue Reading...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 10:50
USDCAD is responded a critical support confluence with our near-term focus higher against today’s low. Here are the updated targets & invalidation level...Continue Reading...
Analytics & Forecasts
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Seth Dompreh, 24 March 2016, 10:48
Oil prices shrank after DoE data confirmed a huge build in crude stocks. Gold slipped on hawkish Fedspeak and copper fell with stocks Continue Reading...
Crude Oil
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Seth Dompreh, 24 March 2016, 10:46